Wheatland Rural Electric Association Inc

“Wheatland Rural Electric Association, Inc. is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the Cooperatives bylaws.”

“All Board members are elected by the membership.”

“Changes to the bylaws are ratified by the membership.”

“The Form 990 is first reviewed and approved by upper management before it is filed; and, is made available upon request to the Board after it is filed.”

“The organization monitors their conflict of interest policy through a review with the Board of Directors.”

“The Board reviews manager comparability data when giving final approval on the General Manager salary. The Board looks at manager surveys of Wyoming Statewide Association and NRECA for comparison purposes prior to giving final approval on salaries.”

“The Board reviews manager comparability data when giving final approval on the Key Employees salaries. The Board looks at key employee surveys of Wyoming Statewide Association and NRECA for comparison purposes prior to giving final approval on salaries.”

“Bylaws are offered to all new members; all other documents are available at anytime upon request.”

“Current Year Margins Assigned to Members $ 2,806,284 Other Changes $ - 17,414 Retirement of Capital Credits $ -710,869 Total $ 2,078,001”

“Part III, Line 1 - Organizations Mission Wheatland REA will give excellent service, provided by a well-trained professional and knowledgeable staff to all of our rate classes. We realized the necessity of attracting and retaining large power consumers to help contain the cost of power for all our consumers. To this end, Wheatland REA actively pursues new innovative ideas and practices to help large users streamline their operations and power usage, at the same time working to identify programs to help all rate classes. We will maintain our excellent record of service and reliability to all rate classes.”

“Form 990, Part IX, Line 4 The instructions to the 2024 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2024.”

“Form 990, Part XII, Line 2b Wheatland Rual Electric Association, Inc.s financial statement year differs from its tax year-end. The Cooperative receives audited financial statements on an annual basis for the year-ended May 31.”